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Applebee's 4296 Kent Rd 5,384 SF Retail Building Stow, OH 44224 $4,930,181 CAD ($915.71 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 7.5+ Years Remaining | Extension Options | 7.5% Rental Increases | Strong Franchisee Guaranty (440 Units)
- Prime Retail Node | Adjacent To Major Power Center
- Kent State University (25,000+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Strong Visibility & Access
- Direct Residential Consumer Base | Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN-leased Applebee’s property located in Stow, Ohio. The lease is guaranteed by Apple American Group LLC, the largest Applebee’s franchisee in the U.S., operating over 440 units and backed by Flynn Restaurant Group LP, one of the world’s largest franchise operators. With more than 7.5 years of term remaining and (2) five-year renewal options, the lease offers long-term income stability. Scheduled 7.5% rental increases every five years and at the beginning of each option period provide built-in NOI growth and a natural hedge against inflation. The absolute NNN structure, with zero landlord responsibilities, makes this an ideal, management-free investment for passive or out-of-state investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,384 SF
Building Class
B
Year Built
1996
Price
$4,930,181 CAD
Price Per SF
$915.71 CAD
Cap Rate
6.75%
NOI
$332,746 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.24 AC
Zoning
C4 - General Business
Frontage
210’ on Kent
AMENITIES
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 56-16366 | Improvements Assessment | $478,343 CAD |
| Land Assessment | $103,361 CAD | Total Assessment | $581,704 CAD |
PROPERTY TAXES
Parcel Number
56-16366
Land Assessment
$103,361 CAD
Improvements Assessment
$478,343 CAD
Total Assessment
$581,704 CAD
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Applebee's | 4296 Kent Rd
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